Ferrexpo (LON:FXPO) Stock Price Up 14.9% – Time to Buy?

Shares of Ferrexpo plc (LON:FXPO) rose 14.9% during trading on Monday . The company traded as high as GBX 115 ($1.45) and last traded at GBX 110.79 ($1.40). Approximately 13,732,980 shares changed hands during mid-day trading, an increase of 289% from the average daily volume of 3,532,716 shares. The stock had previously closed at GBX 96.40 ($1.22).

Ferrexpo Price Performance

The business’s 50 day moving average price is GBX 101.44 and its 200 day moving average price is GBX 73.17. The stock has a market capitalization of £725.84 million, a P/E ratio of -13.13, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20.

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.